Realistbear Posted September 15, 2009 Share Posted September 15, 2009 http://uk.biz.yahoo.com/15092009/325/house...-fell-july.html House prices fell in July LONDON (Reuters) - House prices in July were 8.3 percent lower than in the same month a year ago, figures issued by the Department of Communities showed on Tuesday. Prices were 1.4 percent higher than in the previous month, the data showed. The adjusted average house price was 196,338 pounds in July 2009. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 15, 2009 Share Posted September 15, 2009 http://uk.biz.yahoo.com/15092009/325/house...-fell-july.htmlHouse prices fell in July LONDON (Reuters) - House prices in July were 8.3 percent lower than in the same month a year ago, figures issued by the Department of Communities showed on Tuesday. Prices were 1.4 percent higher than in the previous month, the data showed. The adjusted average house price was 196,338 pounds in July 2009. It's good to have you back RB! Bringing us the unspun bear news. Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted September 15, 2009 Share Posted September 15, 2009 Be interesting to see where it all went wrong for the shirts, by looking at the July '07 price, factoring in 2 years of "projected inflation" and then comparing THAT to where we are now. AWWWW... Quote Link to comment Share on other sites More sharing options...
Timm Posted September 15, 2009 Share Posted September 15, 2009 Err, the data shows that prices rose in July. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 15, 2009 Author Share Posted September 15, 2009 Err, the data shows that prices rose in July. No doubt due to fewer, more expensive homes selling to skew the data. YoY is key for the long haul. This should be a 10 year down-cyle. Quote Link to comment Share on other sites More sharing options...
Brightwell Posted September 15, 2009 Share Posted September 15, 2009 Err, the data shows that prices rose in July. I think he knows that. Quote Link to comment Share on other sites More sharing options...
pete.hpc Posted September 15, 2009 Share Posted September 15, 2009 I think he knows that. aye, harmless bear spin Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 15, 2009 Share Posted September 15, 2009 To be fair to RB, that sthe same headline yahoo used! Quote Link to comment Share on other sites More sharing options...
Vested Disinterest Posted September 15, 2009 Share Posted September 15, 2009 give the journo a pay rise and a basic numeracy skills workshop! Quote Link to comment Share on other sites More sharing options...
Neil B Posted September 15, 2009 Share Posted September 15, 2009 give the journo a pay rise and a basic numeracy skills workshop! + 1 ... That’s embarrassing Quote Link to comment Share on other sites More sharing options...
rickybruce Posted September 15, 2009 Share Posted September 15, 2009 full release here http://www.communities.gov.uk/publications...stics/hpi072009 Interesting change: 'Changes to the house price index release For the first time this month the house price index includes seasonally adjusted information alongside the existing non-seasonally adjusted data. This is to provide a clearer picture of the underlying behaviour of the series once seasonal and calendar influences have been removed. All monthly and three monthly percentage changes in house price are derived from the seasonally adjusted index. All other figures, including annual rates of change and average house prices, are derived from the non-seasonally adjusted index. This is unless stated otherwise.' Quote Link to comment Share on other sites More sharing options...
spline Posted September 15, 2009 Share Posted September 15, 2009 The CLG house prices in July/09 £196,338 NSA, -8.3% YoY, +1.4% MoM and, as pointed out, they've introduced for the first time this month the seasonal adjustment indormation. Charts of the July/09 updates to regional house prices - recebt 'bounce' very evident http://www.houseprices.uk.net/articles/odpm_regional/ Link to CLG Report, July/09 http://www.communities.gov.uk/documents/st...pdf/1335311.pdf Quote Link to comment Share on other sites More sharing options...
The Realist Posted September 15, 2009 Share Posted September 15, 2009 No doubt due to fewer, more expensive homes selling to skew the data.YoY is key for the long haul. This should be a 10 year down-cyle. Try looking at Land Registry Report for July on page 13. Sales volume for houses in various price ranges compared YoY. Doesn't support your theory of skewing from sales of more expensive homes. If anything the cheaper houses, 50,000 to 200,000 range, are showing the least reduction in volume of sales YoY. Quote Link to comment Share on other sites More sharing options...
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